Plant To Close

November 13, 1998

Stamford-based Crompton & Knowles Corp. said it will shut its Painesville, Ohio, synthetic rubber facility and cut 125 jobs by mid-1999 as it moves production from the plant to a joint venture with Mexico's Desc SA de CV.

The cuts comprise about 2.5 percent of Crompton's 5,000 employees, the company said.